2011-11-09T18:00:20-06:00 2011-06-30 CROWE HORWATH LLP 70 West Madison Street Suite 700 Chicago IL 606024903 990 2010-07-01 364333423 WASHINGTON AND JANE SMITH COMMUNITY - ORLAND PARK WASH 7083262300 10501 Emilie Lane Orland Park IL 60467 RAY MARNERIS 2011-11-09 true 3128997000 2010 2016-02-24 21:20:13Z SMITH CROSSING MICHAEL A FLYNN 2320 West 113th Place Chicago IL 60643 13028096 false X WWW.SMITHCROSSING.ORG X 1999 IL THE MISSION OF SMITH CROSSING IS TO ENRICH THE LIVES OF SENIOR ADULTS THROUGH THE HIGHEST QUALITY OF SERVICES. 4 4 191 23 0 0 3009 5628 8337034 8879884 403516 322267 73287 0 8816846 9207779 0 89272 0 0 3009575 3126674 0 0 0 6682513 6916311 9692088 10132257 -875242 -924478 54002258 63397436 52205881 62468798 1796377 928638 X SMITH CROSSING WAS INCORPORATED FOR THE CHARITABLE PURPOSE OF PROVIDING INDEPENDENT LIVING, ASSISTED LIVING, AND NURSING CARE SERVICES TO MEN AND WOMEN THROUGH THE OPERATION OF A CONTINUING CARE RETIREMENT COMMUNITY, LOCATED IN ORLAND PARK, ILLINOIS. SEE SCHEDULE O FOR ADDITIONAL INFORMATION. false 4140187 2886967 THE ORGANIZATION PROVIDES RETIREMENT HOUSING AND HEALTH CARE SERVICES TO SENIORS AGED 62 AND OLDER IN A CONTINUING CARE RETIREMENT COMMUNITY SETTING. WITHIN THE COMMUNITY, SMITH CROSSING OPERATES A 30 BED SKILLED NURSING CARE UNIT. SERVICES PROVIDED INCLUDE 24-HOUR NURSING CARE AND REHABILITATION SERVICES. SMITH CROSSING IS LICENSED FOR AND ACCEPTS BOTH MEDICARE AND MEDICAID AS SUPPLEMENTAL PAYMENT SOURCES. CONTRACTUAL ARRANGEMENTS UNDER THESE PROGRAMS DO NOT ALWAYS PROVIDE COVERAGE FOR ALL COSTS OF SERVICES. ALLOWANCES FOR CONTRACTUAL ADJUSTMENTS WERE $449,695 OF SERVICES TO THESE TWO GOVERNMENTAL SPONSORED PROGRAMS. 3087846 2954303 THE ORGANIZATION PROVIDES RETIREMENT HOUSING AND HEALTH CARE SERVICES TO SENIORS AGED 62 AND OLDER IN A CONTINUING CARE RETIREMENT COMMUNITY SETTING. WITHIN THE COMMUNITY, SMITH CROSSING OPERATES 97 INDEPENDENT LIVING APARTMENTS. RESIDENTS RECEIVE DISCOUNTED SERVICES IN HEALTHCARE SHOULD THEY REQUIRE TRANSITION TO ASSISTED LIVING OR INTO SKILLED CARE. RESIDENTS WHO OUTLIVE THEIR FINANCIAL RESOURCES CAN APPLY FOR SUPPORT THROUGH THE CHARITABLE CARE FUNDS OF SMITH CROSSING. DURING THE FYE 2011 REPORTING PERIOD, $250,515 OF DISCOUNTED SERVICES WERE PROVIDED TO RESIDENTS. 1707112 89272 2485874 THE ORGANIZATION PROVIDES RETIREMENT HOUSING AND HEALTH CARE SERVICES TO SENIORS AGED 62 AND OLDER IN A CONTINUING CARE RETIREMENT COMMUNITY SETTING. WITHIN THE COMMUNITY, SMITH CROSSING OPERATES A 48 UNIT ASSISTED LIVING CENTER. SERVICES INCLUDE PROVISION OF ASSISTANCE TO INDIVIDUALS WHO CAN NO LONGER LIVE INDEPENDENTLY AND NEED ASSISTANCE WITH AT LEAST THREE ACTIVITIES OF DAILY LIVING SUCH AS EATING, BATHING, DRESSING, MEDICATIONS, ETC. INDIVIDUALS RESIDING IN ASSISTED LIVING WHO HAVE OUTLIVED THEIR FINANCIAL RESOURCES ARE FURTHER SUPPORTED BY THE CHARITABLE CARE FUNDS OF SMITH CROSSING. DURING FYE 2011, $89,272 IN CHARITABLE SERVICES WERE PROVIDED TO RESIDENTS IN ASSISTED LIVING. 152988 552740 4D. THE ORGANIZATION ASSESSES AN ENTRANCE FEE UPON MOVING INTO AN INDEPENDENT LIVING UNIT. THIS ENTRANCE FEE SECURES THE RESIDENT'S RIGHT TO RECEIVE DISCOUNTED SERVICES IN HEALTHCARE SHOULD THEY REQUIRE TRANSITION TO ASSISTED LIVING OR SKILLED CARE. UPON LEAVING THE CCRC, RESIDENTS RECEIVE EITHER A 90% OR 95% REFUND OF THE ORIGINAL ENTRANCE FEE. THE NON-REFUNDABLE PORTION OF THE ENTRANCE FEE IS RETAINED BY THE COMPANY AND AMORTIZED INTO INCOME OVER THE ESTIMATED LIFE CYCLE OF INDIVIDUALS IN INDEPENDENT LIVING. 4E. THE ORGANIZATION PROVIDES BASE PACKAGES OF SERVICES TO RESIDENTS WITHIN A SET MONTHLY OR DAILY FEE STRUCTURE. RESIDENTS CAN CHOOSE TO SECURE ADDED SERVICES FOR ADDITIONAL FEES IN AREAS SUCH AS BEAUTY AND BARBER SERVICES, ADDITIONAL DINING OPTIONS, UNDERGROUND PARKING, TECHNOLOGY SERVICES, AND SPECIAL EVENT PARTICIPATION. 152988 552740 9088133 true false false true false false false true false true false false false true true true false false false false false false false false false false false true true true false false false false false false false false false false false false false false false true false false false false true 14 0 true 191 true false false false false false false false false false false X 4 4 false true false false true true true true true false false true true true true true true true false false IL X Ray Marneris 7083262300 2320 WEST 113TH PLACE CHICAGO IL 60643 X KAY E THURN 1 X 0 0 0 ANDREW J ANELLO 2 X X 0 0 0 FRANK GUAJARDO 40 X 106140 0 22487 MICHAEL T LEATHERMAN 2 X X 0 0 0 GEORGE E PETRAITIS 1 X X 0 0 0 THOMAS CHOMICZ 1 X 0 0 0 MICHAEL A FLYNN 2 X 0 181853 28422 DEBORAH HART 2 X 0 133792 27848 CRAIG HANENBURG 2 X 0 110591 12999 RAYMOND J MARNERIS 2 X 0 0 0 ROSALIND L HONEYCUTT 1 X 0 0 0 JOSEPH A STRUBBE 1 X 0 0 0 106140 426236 91756 1 false true false WEIS BUILDERS INC 7645 LYNDALE AVE S MINNEAPOLIS MN 55423 GENERAL CONTRACTOR 3730332 MORRISON DINING SERVICES PO BOX 1022289 ATLANTA GA 30268 DINING SERVICES MGMT/SUPPLIES 1199231 SAWGRASS PARTNERS 1721 DEL OGIER GLENVIEW IL 60025 PROJECT CONSULTANT 380745 WASHINGTON AND JANE SMITH HOME 2320 WEST 113TH PLACE CHICAGO IL 60643 MANAGEMENT SERVICES 342574 AG ACHITECHTURE 1414 UNDERWOOD AVE STE 301 WAUWATOSA WI 532132653 ARCHITECTUAL DESIGN 247406 6 5628 5628 INDEPENDENT LIVING SERVICES 2954303 2954303 NURSING CARE SERVICES 2452618 2452618 ASSISTED LIVING SERVICES 2485874 2485874 ANCILLARY SERVICES 434349 434349 ENTRANCE FEES 313352 313352 239388 239388 0 0 8879884 117897 117897 42214 42214 0 0 0 0 3982473 3820317 162156 0 162156 162156 0 0 0 0 0 0 0 0 9207779 8879884 0 322267 0 89272 89272 0 0 0 0 2493897 2493897 49600 49600 404298 404298 178879 178879 825518 825518 34309 34309 0 0 0 5449 5449 2286845 2263491 23354 55821 695 55126 91340 20200 71140 32342 11076 21266 0 635470 635470 0 0 10159 5618 4541 1477757 1477757 0 1364660 1364660 75392 71971 3421 MISCELLANEOUS EXPENSE 21249 21249 0 0 0 0 10132257 9088133 1044124 0 0 532 532 4850264 6290376 195394 408085 39603 327332 56971521 7390565 42540331 49580956 4509538 4034429 0 0 0 0 1866596 2755726 54002258 63397436 639093 4403511 1491237 1514456 23339435 22926532 68277 45703 4503323 26667839 29075273 52205881 62468798 X 1796377 928638 1796377 928638 54002258 63397436 X -924478 56739 X false true true X false X 500 706 870 3009 5628 10713 6580928 7947028 7813348 8410321 8879884 39631509 0 0 0 6581428 7947734 7814218 8413330 8885512 39642222 35790 39415 34163 0 0 109368 0 88043 530660 989828 215562 1824093 35790 127458 564823 989828 215562 1933461 37708761 340105 438005 233956 151539 322267 1485872 0 340105 438005 233956 151539 322267 1485872 0 249285 0 28256 0 0 277541 7170818 8385739 8076430 8564869 9207779 41405635 0.91070 0.90560 0.03590 0.04084 X OTHER INCOME, SCHEDULE A, PART III, SECTION B, LINE 12, VARIOUS SMALL ITEMS: 2006 - 249,285 2007 - NONE 2008 - 28,258 2009 - NONE 2010 - NONE , 0 false false false false false false false false true 3940 3940 false 0 Description of other lobbying activities Schedule C, Part II-B, Line 1i THE EXPENSES DETAILED ABOVE REPRESENT AN ALLOCATION OF MEMBERSHIP DUES TO LSN ASSOCIATION. false true 6452639 6452639 39774213 6602060 33172153 0 1510838 788505 722333 9233831 9233831 49580956 0 REFUNDABLE ENTRANCE FEES 23465080 DUE TO AFFILIATE 718735 NOTE PAYABLE TO AFFILIATE 3000000 REFUNDABLE RESERVATION DEPOSITS 1891458 29075273 9207779 10132257 -924478 56739 0 56739 -867739 9175246 56739 0 56739 9118507 89272 89272 9207779 10042985 0 0 10042985 89272 89272 10132257 Explanation of escrow agreement Schedule D, Part IV, Line 2b RESIDENTS CAN ELECT TO USE THE ORGANIZATION FOR THE MANAGEMENT OF THEIR FUNDS THROUGH THE RESIDENT TRUST ACCOUNTS. THERE IS NO UPPER LIMIT ON AMOUNTS THAT CAN BE ACCEPTED. RESIDENTS AUTHORIZE THE ORGANIZATION TO UTILIZE THEIR FUNDS TO PAY FOR ITEMS AS NEEDED. ALL FUNDS ARE HELD SEPARATELY FROM CORPORATE FUNDS, BUT COMMINGLED WITH OTHER RESIDENTS' FUNDS. INTEREST IS PAID ON A PASS-THROUGH BASIS FROM BANKING INSTITUTIONS. NO ADDITIONAL FEES ARE INCURRED FOR RESIDENTS TO UTILIZE THIS TRUST FUND ARRANGEMENT. FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 THE ORGANIZATION HAS ADOPTED U.S. GAAP WITH RESPECT TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. A TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT IS RECORDED. THE ADOPTION HAD NO EFFECT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. Other revenues in form 990 not in audited financial statements Schedule D, Part XII, Line 4b CHARITABLE CARE - 89272; Other expenses in form 990 not in audited financial statements Schedule D, Part XIII, Line 4b CHARITABLE CARE - 89272; true CHARITABLE CARE 6 89272 0 N/A N/A Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 THE ORGANIZATION'S CHARITABLE SUPPORT PROGRAM HAS TWO COMPONENTS. IN SEVERAL INSTANCES, THE ORGANIZATION HAS AGREED TO PROVIDE A FIXED AMOUNT PER MONTH IN CHARITABLE SUPPORT WITH THE EXPECTATION THAT THE INDIVIDUAL IS THEN RESPONSIBLE FOR THE BALANCE OF THEIR MONTHLY BILL. THE SECOND COMPONENT DESIGN IS WHEN AN INDIVIDUAL HAS ESSENTIALLY RUN OUT OF ASSETS AND THE ORGANIZATION CONTINUES TO PROVIDE ALL THE REQUIRED SERVICES WITH CHARITABLE CARE. X X X X false false false false false false false false false MICHAEL A FLYNN 0 166632 0 0 0 15221 0 7427 0 20995 0 210275 0 0 DEBORAH HART 0 121226 0 0 0 12566 0 5525 0 22323 0 161640 0 0 METHODS USED TO ESTABLISH COMPENSATION SCHEDULE J, PART I, LINE 3 THE ORGANIZATION RELIES ON SMITH SENIOR LIVING (SSL), A RELATED TAX-EXEMPT ORGANIZATION TO DETERMINE THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL. THE CHAIRMAN OF THE BOARD OF SSL EVALUATES AND ESTABLISHES COMPENSATION AND REVIEWS PROTOCOL FOR THE ORGANIZATION'S CEO AND CFO. ANNUAL COMPENSATION COMPARISONS TO INDUSTRY PROFESSIONALS ARE GATHERED AND REVIEWED ON A SEMI-ANNUAL BASIS. DECISIONS ARE DOCUMENTED IN THE BOARD MINUTES. ILLINOIS HEALTH FACILITIES AUTHORITY 362780048 45200PXM4 2003-11-25 39110000 CONSTRUCTION OF NEW FACILITY false false false 15950000 0 40318923 1954270 3378808 0 779160 673705 0 31464398 0 0 2004 false false true true false false true false true 0.0024 0.0000 0.0024 true false true true LASALLE BANK NATIONAL ASSOCIATION 3.0 false false false false true Description of other program services Form 990, Part III, Line 4d 4D. THE ORGANIZATION ASSESSES AN ENTRANCE FEE UPON MOVING INTO AN INDEPENDENT LIVING UNIT. THIS ENTRANCE FEE SECURES THE RESIDENT'S RIGHT TO RECEIVE DISCOUNTED SERVICES IN HEALTHCARE SHOULD THEY REQUIRE TRANSITION TO ASSISTED LIVING OR SKILLED CARE. UPON LEAVING THE CCRC, RESIDENTS RECEIVE EITHER A 90% OR 95% REFUND OF THE ORIGINAL ENTRANCE FEE. THE NON-REFUNDABLE PORTION OF THE ENTRANCE FEE IS RETAINED BY THE COMPANY AND AMORTIZED INTO INCOME OVER THE ESTIMATED LIFE CYCLE OF INDIVIDUALS IN INDEPENDENT LIVING. 4E. THE ORGANIZATION PROVIDES BASE PACKAGES OF SERVICES TO RESIDENTS WITHIN A SET MONTHLY OR DAILY FEE STRUCTURE. RESIDENTS CAN CHOOSE TO SECURE ADDED SERVICES FOR ADDITIONAL FEES IN AREAS SUCH AS BEAUTY AND BARBER SERVICES, ADDITIONAL DINING OPTIONS, UNDERGROUND PARKING, TECHNOLOGY SERVICES, AND SPECIAL EVENT PARTICIPATION. CONTINUATION OF ORGANIZATION'S MISSION FORM 990, PART III, LINE 1 (CONTINUED FROM PART III, LINE 1) WITHIN THE COMMUNITY, SMITH CROSSING OPERATES A 97 UNIT INDEPENDENT LIVING, 48 BED ASSISTED LIVING, AND 30 BED SKILLED NURSING FACILITY LICENSED BY THE ILLINOIS DEPARTMENT OF PUBLIC HEALTH (IDPH). ALL SKILLED NURSING BEDS ARE CERTIFIED FOR PARTICIPATION IN THE MEDICARE AND MEDICAID PROGRAMS. SMITH CROSSING IS SUBJECT TO PERIODIC REGULATORY INSPECTIONS PERFORMED BY IDPH. Delegation of management duties Form 990, Part VI, Section A, Line 3 THE ORGANIZATION HAS AN AGREEMENT WITH SMITH SENIOR LIVING (SSL) TO OVERSEE AND MANAGE ITS DAY-TO-DAY OPERATIONS. THE INITIAL TERM OF THIS AGREEMENT WAS FOR THE PERIOD OF ONE (1) YEAR. THIS AGREEMENT RENEWS ANNUALLY THEREAFTER UNLESS TERMINATED IN ACCORDANCE WITH OTHER TERMS AND CONDITIONS CONTAINED THEREIN. FURTHERMORE, CERTAIN SUBORDINATION AND DEFERRAL PROVISIONS APPLY IN CONNECTION WITH PAYMENT OF COMPENSATION TO SSL. UNDER THE TERMS OF THE AGREEMENT, THE ORGANIZATION MUST COMPENSATE SSL FOR MANAGEMENT SERVICES RENDERED. THE AGREEMENT ALSO CONTAINS A PROVISION TO COMPENSATE SSL FOR SUPPLEMENTAL SERVICES IT MAY PROVIDE ABOVE AND BEYOND THOSE ENUMERATED IN THE AGREEMENT. IN ADDITION, THE ORGANIZATION MUST PAY SSL AN ADDITIONAL SUM ON A MONTHLY BASIS AS REIMBURSEMENT FOR SSL'S OVERHEAD EXPENSES RELATED TO THE ORGANIZATION. EXPENSES INCURRED BY THE ORGANIZATION FOR MANAGEMENT SERVICES PROVIDED UNDER THIS AGREEMENT AND CERTAIN PASS-THROUGH CORPORATE COSTS WERE $825,518. Classes of members or stockholders Form 990, Part VI, Section A, Line 6 SMITH CROSSING HAS A SINGLE CLASS OF VOTING MEMBERS AND THE SOLE MEMBER OF THAT CLASS IS SMITH SENIOR LIVING, A RELATED ILLINOIS TAX-EXEMPT ORGANIZATION, WHICH SHALL CONTINUE FROM YEAR-TO-YEAR AS THE SOLE MEMBER OF THE ORGANIZATION. Members or stockholders electing members of governing body Form 990, Part VI, Section A, Line 7a THE ORGANIZATION MUST HAVE APPROVAL OF ITS SOLE MEMBER, SMITH SENIOR LIVING, BEFORE ELECTING OR REMOVING ANY OF THE ORGANIZATION'S TRUSTEES OR OFFICERS. Decisions requiring approval by members or stockholders Form 990, Part VI, Section A, Line 7b THE ORGANIZATION SHALL NOT TAKE ANY OF THE FOLLOWING ACTIONS WITHOUT THE APPROVAL OF THE SOLE MEMBER: (1) AMENDMENT OF THE ARTICLES OF INCORPORATION OF THIS CORPORATION. (2) AMENDMENT OF THE BYLAWS OF THIS CORPORATION. (3) MERGER, CONSOLIDATION OR DISSOLUTION OF THIS CORPORATION. (4) THE CREATION OF ANY SUBSIDIARIES OR AFFILIATES OF THIS CORPORATION. (5) ADOPTION OF THE BUSINESS PLAN APPROVED ANNUALLY BY THE BOARD OF TRUSTEES OF THIS CORPORATION. (6) ADOPTION OF THE ANNUAL BUDGET APPROVED BY THIS CORPORATION AND ANY ACTIONS TAKEN BY THIS CORPORATION WHICH WOULD OR COULD INVOLVE EXPENDITURES WHICH EXCEED ONE HUNDRED AND TEN PERCENT (110%) OF THE APPROVED BUDGETED AMOUNTS FOR SUCH EXPENDITURES. (7) THE SELECTION OF BANKING AFFILIATIONS, ACCOUNTING FIRMS OR LEGAL COUNSEL, AS WELL AS APPROVAL OF THE ENGAGEMENT OF ANY CONSULTANTS NOT SPECIFICALLY PROVIDED IN AN APPROVED BUDGET. (8) THE SELECTION AND RETENTION OF THE EXECUTIVE DIRECTOR OF THIS CORPORATION. (9) THE MAKING OF CAPITAL EXPENDITURES OR SALE OF ANY CAPITAL ASSETS BY THIS CORPORATION IN EXCESS OF FIFTY THOUSAND DOLLARS ($50,000) UNLESS PROVIDED IN THE ANNUAL BUDGET. (10) THE SELECTION OF THE MANNER AND LOCATION OF INVESTMENT OF ANY FUNDS. (11) THE EXTENSION OF ANY LOANS BY OR ANY BORROWING BY THIS CORPORATION. Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b THE ORGANIZATION'S INTERNAL MANAGEMENT REVIEWS THE RETURN WITH ITS PAID TAX PREPARER. AFTER REVIEW, COPIES OF THE FULL FORM 990 ARE PRESENTED TO ALL TRUSTEES VIA EMAIL PRIOR TO FILING THE RETURN WITH THE IRS. FULL REVIEW OF THE RETURN IS DELEGATED TO THE FINANCE COMMITTEE. Conflict of interest policy Form 990, Part VI, Section B, Line 12c ANNUALLY ALL TRUSTEES AND KEY PERSONNEL ARE REQUIRED TO COMPLETE A DISCLOSURE FOR CONFLICTS OF INTEREST. THE DISCLOSURES ARE REVIEWED BY THE CFO WHO DETERMINES IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS THE TRUSTEE IS REQUIRED TO RECUSE THEMSELVES FROM ANY VOTING, DELIBERATION, OR DECISION ON THE TRANSACTION AT THE BOARD LEVEL. FURTHERMORE, ALL VENDOR PAYMENT ACTIVITY IS REVIEWED BY THE CFO FOR VENDORS THAT MAY BE RELATED TO THE FILING ORGANIZATION. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a THE ORGANIZATION RELIES ON SMITH SENIOR LIVING (SSL), A RELATED TAX-EXEMPT ORGANIZATION TO DETERMINE THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL. THE CHAIRMAN OF THE BOARD OF SSL EVALUATES AND ESTABLISHES COMPENSATION AND REVIEWS PROTOCOL FOR THE ORGANIZATION'S CEO AND CFO. ANNUAL COMPENSATION COMPARISONS TO INDUSTRY PROFESSIONALS ARE GATHERED AND REVIEWED ON A SEMI-ANNUAL BASIS. DECISIONS ARE DOCUMENTED IN THE BOARD MINUTES. THE LAST COMPENSATION REVIEW WAS COMPLETED IN 2010. DUE TO GENERAL ECONOMIC ISSUES, COMPENSATION ADJUSTMENTS WERE FOREGONE IN FISCAL YEAR 2011 FOR THE CEO. Public Disclosure Form 990, Part VI, Section C, Line 19 FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. PROCESS USED TO APPROVE COMPENSATION FOR OTHER OFFICERS FORM 990, PART VI, SECTION B, LINE 15B THE CEO OF THE ORGANIZATION DETERMINES THE ANNUAL COMPENSATION OF ALL OTHER OFFICERS, WITH THE EXCEPTION OF THE CFO, BY COMPARING THE COMPENSATION OF EACH OFFICER AND KEY EMPLOYEE TO PROFESSIONALS PERFORMING SIMILAR SERVICES IN SIMILAR INDUSTRIES ON AN ANNUAL BASIS. THE CHAIRMAN OF THE BOARD EVALUATES AND ESTABLISHES COMPENSATION AND REVIEW PROTOCOL FOR THE ORGANIZATION'S CFO. ANNUAL COMPENSATION COMPARISONS TO INDUSTRY PROFESSIONALS IS GATHERED AND REVIEWED ON A SEMI-ANNUAL BASIS. THE LAST COMPENSATION REVIEW WAS COMPLETED IN 2010. COMPENSATION OF OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, ETC. FORM 990, PART VII, SECTION A, LINE 1(A), COLUMN (B) THE CEO, CFO AND CIO REPORTED ON PART VII DEVOTE APPROXIMATELY 38 HOURS A WEEK TO SMITH SENIOR LIVING AND 1-2 HOURS A WEEK TO SMITH VILLAGE, BOTH OF WHICH ARE RELATED TAX-EXEMPT ORGANIZATIONS. THE FOLLOWING TRUSTEE/OFFICERS OF SMITH CROSSING EACH DEVOTE APPROXIMATELY 2 HOURS A WEEK TO SMITH SENIOR LIVING, A RELATED TAX-EXEMPT ORGANIZATION: ANDREW ANELLO THOMAS CHOMICZ ROSALIND HONEYCUTT MICHAEL LEATHERMAN GEORGE PETRAITIS JOSEPH STRUBBE KAY THURN THE FOLLOWING TRUSTEES/OFFICERS OF SMITH CROSSING EACH DEVOTE APPROXIMATELY 1-2 HOURS A WEEK TO SMITH VILLAGE, A RELATED TAX-EXEMPT ORGANIZATION: THOMAS CHOMICZ MICHAEL LEATHERMAN GEORGE PETRAITIS Other changes in net assets or fund balances Form 990, Part XI, Line 5 NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS - 56739; WJS - SMITH SENIOR LIVING 2320 W 113TH PLACE CHICAGO IL 60643 364435178 MANAGEMENT IL 501(C)(3) 11 - Type I NA WJS - SMITH VILLAGE 2320 W113TH PLACE CHICAGO IL 60643 362167948 CCRC IL 501(C)(3) 9 SSL false false false false true false false false false false false true false false false false false false